A. A will is a legal instrument that states who should be in control of your estate during the probate process, and who ultimately inherits your assets. However, a will can be invalidated for not complying with the proper formalities.
While wills are a tried and true estate planning tool, there are times when they create more problems than they solve. For example, in Louisiana if your estate is less than $125,000 then your succession can be completed simply by filing an affidavit with the clerk of court. However, this option is unavailable if you have a will.